how to buy Skycoin coin

How to Buy Skycoin Right Now




In this article, we will show you how to buy Skycoin easily. By the end of this article you would learn how to buy SKY with USD, BTC or ETH. Keep reading.


Table of Contents:

  1. What is Skycoin? Our review
  2. Current prices
  3. Where to buy SKY
  4. How to safely store SKY
  5. Frequently asked questions



Current Skycoin Price Stats

SKY Price $3.5328 USD
Price Change24h $0.3367 USD (10.54%)
24h Low / 24h High $3.0786 / $3.6149 USD
Trading Volume24h $706,520 USD
MarketCap $88,319,528 USD

What is Skycoin? A Review

Skycoin is a cryptocurrency written from scratch in Golang. It does not use PoW nor PoS and relies instead on Obelisk, a network consensus algorithm, replaces both PoW and PoS with a web of trust. Skycoin is focused on core features, security, usability and simplifying Bitcoin instead of adding features as a marketing gimmick.Understanding the Skycoin Supply and Distribution here

how to buy Skycoin

Where and How to Buy Skycoin (SKY) Coin


There are 3 steps to purchasing Skycoin. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal.
  2. Move the Bitcoin to an Exchange that supports SKY: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the SKY/BTC trading pairs.
  3. Buy Skycoin on the Exchange: Now, you can buy Skycoin with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different SKY pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.


How to Safely Store Skycoin Crypto


Once you buy Skycoin, the next question you'd have is "where do I store my Skycoins?". It is quiet easy to store your Skycoin tokens after purchase. In fact there are two easy methods of doing so:

  1. Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
    Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Skycoin. If Skycoin is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
  2. Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Skycoin for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.

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